The Wealth Without Wall Street Podcast Round Table | The Benefits of Being the Bank
Many people rely on banks for several reasons, like saving a portion of their income for future use, obtaining loans to finance huge purchases such as cars or houses, or taking out business loans. However, do you realize that banks then take control of your cash flow? They also make sure that some form of collateral protects their interest. So why don't you just BE THE BANK? What are the benefits of becoming your own banker?
Today, Russ, Joey, and Ernie talk about the following benefits of Being the Bank:
- Cash Flow
- Collateral
- Control
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
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